The View from Grenada - Mar 12

[dan_s]

Waking up in Grenada this morning. Another beautiful day.

Looks like the oil price has found a support level. It will be confirmed if the price can hold over $65 after EIA reports a build in U.S. crude oil inventories, which is normal for this time of year.

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Rebound-on-Resilient-Demand-Signals.html

Plus, winter weather advisory should keep natural gas prices over $4.00. Larger than normal draws from U.S. natural gas storage should extend through March.